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Oct 11, 2012 4:00am PDT
look: debate night as vice presidential candidates joe biden and paul ryan square off in primetime. yesteday turned into another downer for the market. alcoa and chevron weighed heavily on the dow. gold ended the session flat and oil dipped by nearly a dollar. and the winter heating outlook is in. following last year's warm winter, some americans will get a sticker shock this year, especially those using heating oil. those bills are projected to rise 20%. lately the hot market has been cooling off. phillip streible of rjo futures joins us. good morning to you. what's your first impression of earnings? > > we've seen a lot of liquidation in the s&p 500 recently. investors are quite concerned about a slowdown in global growth, and also a slowdown in china. we saw alcoa start to come off here yesterday. there was concern that aluminum prices forecasted going forward would be a little bit lower because of that slowdown in china. > > coming up on friday we have financials in focus with wells fargo and j.p. morgan reporting in. can you see any positioning among traders on those stocks? >
Oct 12, 2012 4:00am PDT
presidential candidates last night. v.p. joe biden and republican contender paul ryan stepped up to the plate in danville, kentucky, to spar over the economy and more. who will pay more in taxes who will pay less? the middle class will pay less and the people making $1 million will pay slightly more. the continuation of the bush tax cuts--we're arguing that tax cuts for the wealthy should be allowed to expire. you see, there aren't enough rich people to tax to pay for all their spending and so the next time you hear them say don't worry about it, we'll get a few wealthy people to pay there fair share, watch out middle class, the tax bill's coming to you." the next round of presidential debates happens tuesday. on the heels of jp morgan's earnings out today, reports say the bank is considering changes at the top. the cfo, douglas braunstein, might leave his post, but will remain at the bank. ceo jamie dimon continues to be under fire for that multi-billion-dollar trading loss earlier this year. third quarter revenues are expected to climb to $25 billion, topping last year, mostly due to the
Search Results 0 to 1 of about 2